Bit Origin (Bit Origin) Days Inventory : 0.00 (As of Dec. 2023)

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What is Bit Origin Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Bit Origin's Average Total Inventories for the six months ended in Dec. 2023 was $0.00 Mil. Bit Origin's Cost of Goods Sold for the six months ended in Dec. 2023 was $3.83 Mil. Hence, Bit Origin's Days Inventory for the six months ended in Dec. 2023 was 0.00.

The historical rank and industry rank for Bit Origin's Days Inventory or its related term are showing as below:

During the past 8 years, Bit Origin's highest Days Inventory was 1.77. The lowest was 0.57. And the median was 1.17.

BTOG's Days Inventory is not ranked ^*
in the Capital Markets industry.
Industry Median: 60.48
* Ranked among companies with meaningful Days Inventory only.

Bit Origin's Days Inventory stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

Inventory Turnover measures how fast the company turns over its inventory within a year.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Bit Origin's Inventory-to-Revenue for the six months ended in Dec. 2023 was 0.00.

Bit Origin Days Inventory Historical Data

The historical data trend for Bit Origin's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Bit Origin Days Inventory Chart

Bit Origin Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Inventory

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Bit Origin Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Inventory	Get a 7-Day Free Trial											-	14.94	-	-	-

Competitive Comparison of Bit Origin's Days Inventory

For the Capital Markets subindustry, Bit Origin's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Bit Origin's Days Inventory Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bit Origin's Days Inventory distribution charts can be found below:

* The bar in red indicates where Bit Origin's Days Inventory falls into.

Bit Origin Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Bit Origin's Days Inventory for the fiscal year that ended in Jun. 2023 is calculated as

	Days Inventory (A: Jun. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	10.827	*	365
=	0					/	10.827	*	365
=	0.00

Bit Origin's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	3.833	*	365 / 2
=	0					/	3.833	*	365 / 2
=	0.00

Bit Origin (NAS:BTOG) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Bit Origin's Inventory Turnover for the six months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3.833	/	0
	=

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Bit Origin's Inventory to Revenue for the six months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	0	/	2.888
	=	0.00

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Bit Origin Days Inventory Related Terms

Thank you for viewing the detailed overview of Bit Origin's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Bit Origin (Bit Origin) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bit Origin Ltd (NAS:BTOG) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Church Street, 27 Floor, Samsung Hub, Singapore, SGP, 049483

Website

https://bitorigin.io

Bit Origin Ltd is seeking opportunities in deploying new technologies, crypto asset mining and blockchain technologies in Singapore. The company has focused on building the Bitcoin mining ecosystem through incubations, strategic investments, and acquisitions.